Universal Beteiligungs und Servicegesellschaft mbH Has $26.50 Million Stock Position in Loews Corporation $L

Universal Beteiligungs und Servicegesellschaft mbH lifted its position in Loews Corporation (NYSE:L) by 32.7% in the second quarter, Holdings Channel.com reports. The institutional investor owned 289,150 shares of the insurance provider’s stock after buying an additional 71,263 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Loews were worth $26,503,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in L. Westpac Banking Corp acquired a new stake in shares of Loews during the second quarter worth about $4,750,000. MTM Investment Management LLC acquired a new stake in shares of Loews during the second quarter worth $41,000. Intech Investment Management LLC lifted its position in Loews by 23.2% in the 2nd quarter. Intech Investment Management LLC now owns 47,083 shares of the insurance provider’s stock valued at $4,316,000 after acquiring an additional 8,879 shares in the last quarter. Cetera Investment Advisers boosted its stake in Loews by 53.5% in the 2nd quarter. Cetera Investment Advisers now owns 7,156 shares of the insurance provider’s stock worth $656,000 after purchasing an additional 2,493 shares during the period. Finally, Creative Planning boosted its stake in Loews by 3.3% in the 2nd quarter. Creative Planning now owns 27,210 shares of the insurance provider’s stock worth $2,494,000 after purchasing an additional 879 shares during the period. 58.33% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “buy (a-)” rating on shares of Loews in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the stock has an average rating of “Strong Buy”.

Loews Stock Performance

Shares of L opened at $104.13 on Tuesday. The stock has a market capitalization of $21.52 billion, a price-to-earnings ratio of 16.55 and a beta of 0.73. Loews Corporation has a 12 month low of $78.98 and a 12 month high of $105.30. The firm has a fifty day simple moving average of $100.09 and a 200 day simple moving average of $94.39. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.43.

Loews (NYSE:L) last issued its quarterly earnings results on Monday, November 3rd. The insurance provider reported $2.43 EPS for the quarter. The firm had revenue of $3.94 billion for the quarter. Loews had a net margin of 7.47% and a return on equity of 7.43%.

Loews Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 9th. Shareholders of record on Wednesday, November 26th will be paid a $0.0625 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Wednesday, November 26th. Loews’s dividend payout ratio (DPR) is currently 3.62%.

Loews Profile

Loews Corporation provides commercial property and casualty insurance in the United States and internationally. The company offers specialty insurance products, such as management and professional liability, and other coverage products; surety and fidelity bonds; property insurance products that include standard and excess property, marine and boiler, and machinery coverages; and casualty insurance products, such as workers' compensation, general and product liability, and commercial auto, surplus, and umbrella coverages.